The May 2019 issue of Insights provided high-level background information about the recent trend of state legislation targeting student loan servicers. In the June 2019 issue of Insights, we took a deeper dive into New York's...more
9/3/2019
/ Borrowers ,
Duties & Responsibilities ,
Licensing Rules ,
Loan Servicer ,
New Legislation ,
Ombudsman ,
Payment Bonds ,
Payment Terms ,
Pending Legislation ,
Policies and Procedures ,
Registration Requirement ,
State Legislatures ,
Student Loans ,
Students
The May 2019 issue of Insights included discussion of a growing trend to regulate student loan servicers. Currently, there are a handful of states that impose requirements specifically on such parties. However, the ranks of...more
This survey summarizes several recent developments affecting bank deposits and payment systems. The U.S. department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued new guidance concerning the customer...more
6/10/2019
/ ACH Payments ,
Amended Complaints ,
Amended Rules ,
American Bar Association (ABA) ,
ATMs ,
Bank Deposits ,
Banks ,
Beneficial Owner ,
Blockchain ,
Civil Monetary Penalty ,
Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Controlling Person ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Debit Cards ,
Enforcement Actions ,
Exclusions ,
Failure To Disclose ,
Federal Trade Commission (FTC) ,
FFIEC ,
Financial Institutions ,
Financial Regulatory Agencies ,
FinCEN ,
FRB ,
Indemnity ,
LendingClub ,
Licensing Rules ,
NMLS ,
Payment Systems ,
PayPal ,
Popular ,
Restitution ,
Unauthorized Transactions ,
Unfair or Deceptive Trade Practices ,
Uniform Commercial Code (UCC) ,
Virtual Currency
States around the country continue to consider and enact laws and regulations to regulate student loan servicers and provide protections to student loan borrowers. Several states and the District of Columbia currently have...more